TOKYO, Nov. 10, 2014 /PRNewswire/ -- Evernote, the company making products for a more productive workday, today announced a partnership with Nikkei, Inc. that expands Evernote's new Context feature with editorial content from Japan's best-in-class business news organization. The integration with Nikkei, expected to launch in early 2015, works within Evernote's Context to...

Japan's Nikkei has plunged 14 per cent in 2014. Photo: Koji Sasahara Japan's Nikkei index was the hardest hit among developed markets in yesterday's global share sell off as an appreciating currency exacerbated problems for Japan. The Nikkei plummeted 4.2 per cent on Tuesday. It was the biggest one day fall in the Japanese equity market since June 13. After a stellar rise of...

The Nikkei 225 Stock Average, the benchmark measure for Japanese equities, is being twisted by a single company more than at any time in the last 12 years. Fast Retailing Co. (9983), Asia’s biggest apparel retailer, was responsible for almost a sixth of the gauge’s 49 percent advance in the last two years, according to data compiled by Bloomberg. At 10 percent of the Nikkei...

First, let's note that when the Nikkei and the DJIA are put on the same chart with the same scale and the same timeline starting in 2009, they tracked each other very closely during the first year of both their bull markets from March 2009 to April 2010. The Nikkei bottomed at 7054 on March 10, 2009. The DJIA bottomed at 6547 on March 9 of that same year. They both rose to just...

Most Asia stocks fall on weak China, Japan factory data

published:24 Mar 2015

Most Asia stocks fall on weak China

Most Asia stocks fall on weak China, Japan factory data

Asia's two largest economies saw factory activity expand at a slower pace in March, suggesting that their recovery may be losing momentum.
Hong Kong's Hang Seng index opened 0.14% lower while the Shan...

Japan's Nikkei falls but other Asian markets rise

published:13 Feb 2015

Japan's Nikkei falls but other Asia

Japan's Nikkei falls but other Asian markets rise

Asian markets traded mostly higher on Friday as investors kept a close eye on developments in Europe and hopes for a deal with Greece.
Greece said it would talk to creditors about fixing its debt pro...

Most Asia stocks fall on weak China, Japan factory data

Asia's two largest economies saw factory activity expand at a slower pace in March, suggesting that their recovery may be losing momentum.
Hong Kong's Hang Seng index opened 0.14% lower while the Shanghai Composite also fell.
Japan's Nikkei 225 has been trading flat while the broader Topix fell 0.3% after the yen strengthened.
Australian shares were trading higher, however, with the S&P/ASX 200 rising 0.2% due to gains in gold mining stocks.
China's factory activity fell to an 11-month low in March after new orders decreased, a survey showed.

duration:1:52

published:24 Mar 2015

updated:24 Mar 2015

views:0

Asian shares stumble as weak China trade stokes growth worries

Tokyo: Asian shares wobbled on Monday after dismal Chinese trade data eclipsed a strong US jobs report, raising concerns about a deepening slowdown in the world’s second-largest economy and sending the Australian dollar sliding. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.8% while US stock futures also shed 0.4%. Japan’s Nikkei share average bucked the trend and rose 0.2% on the back of a weaker yen. Data published on Sunday showed China’s trade performance slumped in January, with exports falling 3.3% from year-ago levels while imports tumbled 19.9%, far worse than analysts had expected. The data highlighted deepening weakness in the Chinese economy. “The data shows that an economic slowdown is becoming a reality. If the government brings down its growth target next month, the markets will take it even more seriously,” said Shuji Shirota, head of macro strategy at HSBC in Tokyo. The Australian dollar, often used as a proxy for bets on the Chinese economy because of the country’s trade links to China, fell 0.4% in early trade to $0.7775. The poor China trade figures took some of the shine off robust US payroll gains of 257,000 in January. Hourly wages also rebounded, increasing 12 cents last month for a 2.2% increase from a year earlier, the largest such gain since August. As the data put a mid-year rate hike from the Federal Reserve back on the table, US debt yields shot up, with the benchmark 10-year yield hitting a four-week high of 1.9% on Friday. Money market futures have fully priced in a rate increase by September with some chance of a move as early as June. The prospect of an earlier US rate hike is weighing on many assets that have benefited from low interest rates in the US while underpinning the dollar. The US dollar’s index against a basket of six major currencies maintained most of its 1.1% gain on Friday and stood at 94.519 , not far from an 11-year high of 95.481 hit last month. The euro remained vulnerable as new Greek leader Alexis Tsipras rejected the bailout, setting himself on a collision course with European partners. In his first major speech to parliament since storming to power last month on Sunday, Tsipras listed a range of proposed reverses of reforms imposed by European and International Monetary Fund lenders. The euro traded at $1.1325, little changed but near last week’s low of $1.1280. The yen hit four-week lows of 119.23 to the dollar on Friday on the back of rising US bond yields. It last stood at 118.73. Oil prices steadied on Monday as falling US oil rig counts and conflict in producer Libya were balanced by a slump in Chinese imports, which pointed to lower fuel demand in the world’s biggest energy consumer. Brent oil futures gained 0.9% to $58.33 per barrel , clinging near six-week high of $59.06 touched on Friday. Gold rebounded slightly from a three-week low of $1,228.50 touched on Friday as share prices eased. It last stood at $1,213.80 per ounce. Reuters

duration:3:15

published:09 Feb 2015

updated:09 Feb 2015

views:0

Market Report Asian Stocks Climb

ANCHOR: In Tokyo stock prices moved higher as exporters continued to make gains on the back of a weaker yen. Electronics maker Panasonic lead the gains. Shar...

Japan's Nikkei falls but other Asian markets rise

Asian markets traded mostly higher on Friday as investors kept a close eye on developments in Europe and hopes for a deal with Greece.
Greece said it would talk to creditors about fixing its debt problem when another round of meetings begins later on Friday.
However, Japan's Nikkei 225 fell 0.4% to 17,913.36 after closing at its highest since July 2007 on Thursday.
Friday's fall was put down to profit-taking and a strengthening in the yen.
The dollar fell back to 118.93 yen, from Thursday's level of 120.27. A stronger yen is a disadvantage for Japanese exporters as it makes their products more expensive abroad.
Chinese shares traded higher, following US gains overnight, but investors remained cautious ahead of a long Chinese New Year holiday.
The Shanghai Composite closed up 0.96% at 3,203.83, while Hong Kong's Hang Seng index ended up 1.07% at 24,682.54.
Shares in China were boosted by the central bank's move to allow companies in Shanghai's Free Trade Zone to conduct overseas financing without government approvals.
Australia leads gains
In Australia, shares surged to a near seven-year peak on firmer commodity prices.
The benchmark S&P/ASX 200 closed up 2.3% at 5,877.5, and at one point during the day hit 5,893.5 - its highest since May 2008.
Shares in mining heavyweight Rio Tinto jumped 6.5% after it announced it would return $2bn to shareholders.
But, shares of Australia's biggest gold miner, Newcrest, were down 0.1% after it reported that its half-year underlying profit was down 7m Australian dollars ($5.4m; £3.5m) from a year ago.
South Korean shares also closed higher with the Kospi index rising 0.8% to 1,957.5.
Investors ignored data that showed the country's exports in January fell 0.7% from a year ago, weaker than a preliminary 0.4% decline reported earlier.

http://www.StockMarketFunding.com Stock Market Plunge Live Trading Stocks Fall 3%, Dow Down 360: U.S. Join World Sell-Off.
Stocks moved sharply lower at the start of trading on Thursday, extending the substantial downward move seen in the previous session. The major averages all slid firmly into negative territory, with the Dow dropping to its lowest intraday level in a month.
In the past few minutes, the major averages have seen some further downside, hitting new lows for the young session. The Dow is down 356.46 points or 3.2 percent at 10,768.38, the Nasdaq is down 76.15 points or 3 percent at 2,462.04 and the S&P 500 is down 35.60 points or 3.1 percent at 1,131.16.
The initial weakness on Wall Street reflects renewed concerns about the global economic outlook following Wednesday's troubling commentary from the Federal Reserve as well as some disappointing economic data.
In its policy statement released yesterday, the Fed noted that economic growth remains slow and warned that there are significant downside risks to the economic outlook.
As part of its efforts to boost the sluggish economy, the central bank announced plans to replace short-term securities in its bond portfolio with longer-term securities. The Fed said the move should put downward pressure on longer-term interest rates.
However, economists were largely skeptical regarding the likely impact of the move, with Paul Ashworth, Chief U.S. Economist at Capital Economics, noting, "The cost of borrowing simply isn't the problem."
Disappointing Chinese manufacturing data has also generated some selling pressure along with a report showing a contraction in business activity in Europe.
Additionally, the U.S. Labor Department recently released a report showing that initial jobless claims decreased in the week ended September 17th but still came in above economist estimates.
The report said jobless claims fell to 423,000 from the previous week's revised figure of 432,000, while economists had been expecting claims to fall to 420,000 from the 428,000 originally reported for the previous week.
In corporate news, delivery giant FedEx (FDX) reported first quarter earnings that increased in line with analyst estimates but also lowered its full year earnings guidance.
With traders expressing concerns about the outlook for global demand, resource stocks are turning in some of the market's worst performances in early trading. Gold stocks are posting particularly steep losses amid a sharp drop by the price of the precious metal.
Technology stocks have also come under considerable selling pressure, with computer hardware, networking, and semiconductor stocks posting steep losses. Significant weakness is also visible among housing, transportation, and banking stocks.
Most of the other major sectors have also shown notable moves to the downside in early trading amid a broad based sell-off.
In overseas trading, stock markets across the Asia-Pacific region saw significant selling pressure following the overnight sell-off on Wall Street. Japan's Nikkei 225 Index tumbled by 2.1 percent, while Hong Kong's Hang Seng Index plunged by 4.9 percent.
The major European markets are also showing substantial moves to the downside on the day. The French CAC 40 Index has plummeted by 5.1 percent, while the U.K.'s FTSE 100 Index and the German DAX Index are down by 4.4 percent and 3.9 percent, respectively.
In the bond market, treasuries have moved sharply higher amid the continued weakness on Wall Street. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 9.9 basis points at 1.776 percent after hitting a record intraday low of 1.754 percent.
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Tags news stocks stock "stock market" trading economy economic dow "dow jones" "S&P 500" nasdaq investing Nasdaq fed market markets "operation twist" operation twist FOMC "ben bernanke" recession "federal reserve" crisis business finance analysis dollar forex gold technical financial investment "stock futures" plunge "us recession" currency bear options bank 'financial "us economy" government

duration:25:44

published:22 Sep 2011

updated:22 Sep 2011

views:1600

Stocks: Dow, S&P 500 hit new record highs

Stocks moved higher in morning trading as the Dow and S&P 500 set new intraday record highs. Global markets were also mostly higher.
The Dow Jones industrial average was up 0.2% and hit an all-time high of 17,618.46. The Standard & Poor's 500 index gained 0.3% and set an intraday record of 2038.70. The Nasdaq composite index was up 0.4%.
Russia's financial markets were in focus after the country's central bank scrapped its daily controls on the value of the ruble, allowing the battered currency to float freely in financial markets earlier than planned. The currency has come under sustained pressure in the face of Western sanctions over Ukraine and plummeting oil prices.
The ruble has lost nearly half its value against the dollar this year. The move appears to have eased the pressure on the ruble, which strengthened sharply on the news, trading up 3.6 percent at around 45 rubles a dollar in midday trading. It also appears to have been greeted positively in stock markets — the benchmark RTS index was trading 3.8% higher.
In Asia, where China was hosting the annual meeting of APEC (Asia-Pacific Economic Cooperation), Hong Kong's Hang Seng index advanced 0.8%to 23,774.70 and China's Shanghai composite index shot 2.3% higher to 2473.67. Japan's Nikkei dropped 0.6% to 16,780.53.
European markets were higher: Britain's FTSE index was up 0.5% and Germany's DAX index rose 0.2%.
On Friday, the Dow finished up 19.46 points, or 0.1%, to close at a record 17,573.93, while the S&P 500 gained 0.71 points, or less than 0.1%, to a record close of 2031.92. The Nasdaq composite fell 5.94 points, or 0.1%, to 4632.53.
U.S. jobs data last week suggested an improving economic outlook.

duration:3:01

published:10 Nov 2014

updated:10 Nov 2014

views:0

Asian Market Update - June 29, 2010

Jun 29, 2010 -- Asian markets reversed direction to close sharply lower Tuesday and set the tone for a global stock selloff as worries for the Chinese growth...

Asian Markets Overview of April 9, 2010

(ABN Newswire) - US stocks rose overnight as investors were encouraged by the stronger than expected retail sales figures, which also eased some concerns over the reporting season to kick off next week. Most Asian markets yesterday fell after the negative lead from Wall Street. Japan's Nikkei 225 dropped 1.1 per cent after weak machinery orders data. China's Shanghai Composite lost 0.94 per cent while Hong Kong's Hang Seng Index declined 0.3 per cent. But South Korea's Kospi was 0.4 per cent higher as strong foreign buying came in late trade.
Company News
Shares in Australia's Icon Energy (ASX:ICN) jumped 48 per cent Thursday after its statement about a big deal with a Chinese company surprised the market. The junior coal seam gas company said it has signed a memorandum of understanding with Shenzhen Sino Industrial Development Company, a subsidiary of China's SinoGas Group (HKG:0260). The deal, worth as much as A$32 billion, will see Icon supply 40 million tonnes of LNG to China over 20 years from 2014. The company intends to meet its contractual requirements from its tenements in South Australia and Queensland as well as acquiring new ones and through tie-ups with existing joint venture partners.
Japan's Fast Retailing Co. (TYO:9983) has reported its net profit for period from September to February rose 55.7 per cent to 55.36 billion yen compared with a 35.55 billion yen profit in the same period a year earlier. The strong result was largely due to sales from its expansion abroad, with overseas revenue at its Uniqlo stores increased sharply in the period to 40.5 billion yen from Y18.6 billion in the previous year. The company is also considering listing overseas.
Takeover target Macarthur Coal Ltd (ASX:MCC) said it has received a rival bid from fellow Australian miner New Hope Corp (ASX:NHC) which values the firm at A$3.71 billion. The latest offer opens up a bidding war for the miner while Xstrata PLC ((LON:XTA)) has reportedly approached major shareholders in Macarthur Coal about a possible bid to rival the A$3.56 billion offer from Peabody Energy Corp (NYSE:BTU).

duration:1:35

published:09 Apr 2010

updated:09 Apr 2010

views:433

Trading Floor Update 08/08/13

Watch the latest market update from the floor at City Index, with Richard Clare. Losses can exceed initial deposits. Asian stocks rebounded and investors sna...

U.S. stocks fall as China, Greece markets dive

Stocks are falling Tuesday as Chinese markets plummeted and Greece saw one of its worst trading days in decades.
As of 11:43 a.m. ET, the Dow Jones industrial average is off 0.9%, the S&P 500 is down 0.8% and the Nasdaq composite is 0.6% lower. The blue-chip Dow has shed 160 points and is now 316 or so below the coveted 18,000 milestone that was within easy reach when markets opened Monday.
In Asia, Tokyo's Nikkei 225 index dropped 0.7%. Hong Kong's Hang Seng index and mainland China's Shanghai composite index saw steep declines, 2.5% and 5.4% respectively.
The plunge in Chinese stocks comes as the Chinese government set new restrictions on collateral for short-term collateralized loans, called repurchase agreements. By limiting the types of bonds that can be used as collateral, the government made those loans more difficult to get, and more expensive.
The Chinese government also extolled the virtue of slower economic growth, a signal that it expects the economy to grow less quickly in the future.
"Debt to GDP in China has seen a massive increase as the Chinese central government has internalized on its books the problems that occurred in the private sector," Rupal Bhansali, chief investment officer of international equities at Ariel Investments, said at USA TODAY's 19th annual Investment Roundtable on Friday.
Exchange-traded funds that invest in China tumbled in premarket trading. For example, iShares FTSE China 25 Index Fund (ticker: FXI) fell 3.14%. Traditional open-ended funds won't price until the U.S. market closes at 4:00 p.m.
Greek stocks, not to be outdone, tumbled a whopping 11.2%, following the government's decision to call elections, leaving open the possibility that the radical Syriza party might win.
Oil prices are climbing after Monday's 4% drop. The January contract for crude oil is up 0.8% to $63. 55 a barrel.
U.S. stocks fell Monday as the Dow tumbled more than 100 points.

duration:2:41

published:09 Dec 2014

updated:09 Dec 2014

views:3

Market Report - Asia Soars Up

Today oil and commodity prices pushed most Asian share markets higher... the final trading day of a difficult quarter that saw major equity gains for investo...

Tech selloff returns overnight on Wall Street with the Nasdaq dropping 3.1% for its worst day since November 2011 amid ongoing concerns over stretched valuations in the sector. The S&P500 meanwhile lost 2.1%; stock markets in Asia suffered sharp losses too with the Japanese Nikkei 225 falling to a six-month low -- that's put press on European equities. The FTSE100 is down 42 points and the EuroStoxx50 index drops 14 points.
US tech shares stabilised on Wednesday this week after three-consecutive days of losses after investors panic sold on growing worries about ballooning valuations for the likes of Facebook [P/E of 94x], Amazon [P/E of 574x] and Netflix [P/E of 160x] -- all still trading on astronomically high valuations due to the lower interest rate environment and stimulus by central banks offering easy access to capital to overzealous growth hungry investors.
That led to a wave of tech IPOs like Facebook and Twitter, pushed by investment banks and brokers who booked big IPO fees. That all change now; investor sentiment around the tech sector is turning cautious as the Fed withdraws stimulus and looks to raise rates as early as next year. That's led to big money coming out of tech stocks and in favour of other sectors such as telecoms and utilities -- expect this trend to continue in the near-term.
With earnings season in the US underway, tech company earnings will be under intense scrutiny with investors likely to dump their tech stocks on even the faintest sign of bad news out of a company. US futures are currently trading higher however, rebounding after previous session weakness which indicates a firmer open on Wall Street later with earnings from JPMorgan and Wells Fargo set to be in key focus -- expect a bit of a rebound for tech stocks but volatility is likely to stick around in the sector.
So briefly touching on other market drivers; China's inflation figures were poor, showing a drop in prices which reaffirm the markets' fears about a protracted slowdown in the country. Geopolitical tensions flaring up again after Russia's president Putin warned the country's gas supplied to Europe could be disrupted if Russia is forced to punish Ukraine by cutting off flow due unpaid bills -- this will alarm the West further and euro zone policymakers given that the region depends heavily on Russian energy. In the euro zone, German inflation moderated in March with CPI down to 0.9% from 1% - in line with estimates but again reaffirming the deflationary pressures in the euro zone.
Other than JPMorgan and Wells Fargo, market participants are looking out for US PPI and University of Michigan confidence figures.
________________________________________
Ishaq Siddiqi
Market Strategist

duration:5:27

published:11 Apr 2014

updated:11 Apr 2014

views:233

Market Report - Asia Stocks Dip; Credit Worries Linger

A report from Standard & Poor's on subprime-related writedowns failed to provide much relief for Asian markets. ZHANG: Asia markets continued downward Friday...

Burton High Fives - Competitions Start Tomorrow

Press Release: TUNE IN: Watch the Second Annual Burton High Fives snowboarding competition LIVE on on September 12 and 13 WHAT: The second annual Burton 'High Fives' presented by MINI snowboarding competition, is now underway at Cardrona Alpine Resort in Wanaka, New Zealand. A live webcast of the slopestyle and halfpipe competitions will be on with the slopestyle coverage... more